Heritage Museum of Montgomery County

Analysis

Heritage Museum of Montgomery County is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Heritage Museum of Montgomery County reported income of $162k and spending of $140k, spending 86% of its income. Across the 2 years on record, from April 2022 to April 2023, income fell from $205k to $162k (-21%), an average of -21% a year. The sharpest change came in the year to April 2023, when income dropped by 21%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Museum of Montgomery County sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Summer Stars Camp for the Performing Arts ($162k), All of the Above Hip Hop Academy ($162k) and Marin Stables & Trails Inc ($162k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $20k (14% of expenses). Other salaries and wages came to $30k. At year end it held assets of $371k against liabilities of $1,287, net assets of $370k. It reported 4 employees.